International Millennium Mining Corp.
TSX VENTURE : IMI

International Millennium Mining Corp.

July 19, 2011 09:01 ET

International Millennium Mining Corp.: Private Placement Announced

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2011) - International Millennium Mining Corp. (TSX VENTURE:IMI) (the "Company") announces a private placement of up to $900,000 including: $850,000 of non-flow-through units at $0.20 per unit and $50,000 of flow-through units at $0.25 per unit. Each unit is comprised of one (1) non flow-through or flow-through common share and one (1) non flow-through or one (1) flow-through, non-transferable share purchase warrant, respectively. Each full warrant entitles the holder to purchase an additional share in the capital stock of the Company for a period of two (2) years from the date of issuance, at $0.30 per share in the first year and $0.40 per share in the second year for non-flow through warrants, and at $0.35 per share in the first year and $0.45 per share in the second year for flow through warrants.

The Company will pay up to an 8 ½% finder's fee and issue broker warrants up to 8 ½% of the private placement units. Broker warrants entitle the holder to acquire one ordinary share at $0.20 per share or $0.25 per share for non flow-through and flow-though warrants, respectively. The private placement is subject to regulatory acceptance.

The Company will use the proceeds of the private placement for exploration work on the Company's Canadian mineral properties and the Nivloc Mine, Nevada property and for working capital.

International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mine deposits world-wide and in the exploration of polymetallic mineral properties in Canada and the Americas. To date, the Company has acquired and is exploring mineral properties in Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include silver, gold, cobalt, molybdenum, zinc, lead, copper and platinum group metals. The Company's common shares trade on the TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under the symbol: L9J.

ON BEHALF OF THE BOARD

John A. Versfelt, President & CEO

Further information about the Company can be found on SEDAR (www.sedar.com).

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • International Millennium Mining Corp.
    Ms. Sheri Barton
    403-217-5830
    sheribarton@telus.net

    International Millennium Mining Corp.
    Mr. John Versfelt
    President & CEO
    604-984-9907
    info@immc.ca